Crypto | Blockchain | Tokens

The evolution and ongoing struggles of the Bitcoin / Blockchain acceptance evolution …

Thanks to Forbes Magazine for a great introduction: https://www.forbes.com/advisor/investing/cryptocurrency/what-is-bitcoin/

Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank … originally described the need for “an electronic payment system based on cryptographic proof instead of trust. Forbes – at kateashford.com or follow me at @kateashford

Centralized On-ramps/Off-ramps (exchanges) and Facilitators (ie Tether*) to get on the Crypto decentralized network(s) offering a mind numbing array of options (e.g. Alt coins and their platforms).

How is does this function as De-Centralized digital money/currency or is it trading commodities or storing value like a brick of gold ? Time will tell. Regulators continue to oscillate between currency and commodity with tax implications on buy/sell transactions.

Like at the intersection of Haight or Ashbury …

The value of Bitcoin and many Crypto currencies (or Token) are the global network technologies, clever design removing intermediaries and special Token features that are offered as unique differentiators; like being able to loan out your Stake ( your coin ownership) to other people on the network and boost your investment yield; usually handled by a Crypto store-lend-borrow-bank type Exchange function or value add intermediary.

Large institutional holdings continue to increase the investment offering opportunities further viability of the yet volatile and complex system. End user Mobile Apps like Robin Hood offer Crypto storage and exchange functionality (from within a Crypto Wallet the user holds on or off the Exchange)

The pool of total Bitcoin supply will be maxed out at 21 million; requiring increasingly computational powerful mining computers with access to enormous quantities of low-cost electricity to reach that supply forecasted for appx year 2040. Bitcoin mining pays increasingly less than it used to, making it even harder to profit from with the rising computational and electrical costs. It is estimated all Bitcoins will have entered circulation and the Miners will alter the business models.

Bitcoins is the prominent cryptocurrency among over 9,000 choices globally. A cryptocurrency is a digital, encrypted, and decentralized medium of exchange. https://www.forbes.com/portfolio/what-is-cryptocurrency/

*Tether – USDT is a stablecoin that is pegged to the value of the US dollar.